China Stocks Seen Lower Again []

China Stocks Seen Lower Again []
The China stock market was lower on Thursday as investors consolidated gains ahead of the weekend - and they're expected to do the same thing again Friday when the Shanghai Composite Index opens for business.

New Zealand Stocks Look To Fihish Week With Winning Streak []
New Zealand shares get a chance to end the week with a small-scale winning streak, off of a mixed lead from Wall Street.

Stocks Face Headwinds Friday Morning Ahead Of Key Inflation Reading - US Commentary []
Early signals are pointing to a rough open for US stocks on Friday amid more troubling new from the financial sector. Later in the day, investors will be treated to a key reading on inflation.

Dollar Skyrockets Versus Majors Amid Renewed Inflation Concerns [EUR/USD]

Dollar Skyrockets Versus Majors Amid Renewed Inflation Concerns [EUR/USD]
The greenback was broadly stronger versus its major counterparts for a second straight session on Friday, with traders betting that the Federal Reserve will have a difficult time justifying another rate cut after consumer price data signalled rising inflation.

Japanese Market Tumbles On Worries Over Worsening Credit Crisis []
Thursday, Tokyo shares closed sharply lower despite Wednesday's moderate rebound on Wall Street. The market sentiment was also negative as investors were unconvinced about the feasibility of Federal Reserve's plan to work with other central banks to alleviate global credit crisis.

Stocks Close Mixed After Seeing Early Weakness - U.S. Commentary []
After showing a notable decline over the course of morning trading on Thursday, the U.S. stock markets staged a notable recovery in the latter part of the trading day. The major averages moved well off their worst levels of the day, eventually ending the session mixed.

Sterling Mixed Versus Majors Friday Morning [GPB/USD]
The sterling was mixed against other majors Friday morning in New York, losing ground to the dollar but firming up versus the euro. Traders considered key inflation readings from the US and Euro zone.

Stocks Rebounding On Banks' Efforts To Add Liquidity - U.S. Commentary []
While traders reacted negatively to the announcement of the Federal Reserve's interest rate decision on Tuesday, the U.S. stock markets have moved back to the upside on Wednesday in reaction to news of the Fed's latest efforts to improve liquidity in the financial sector.

Stocks Regain Some Ground But Remain Mostly Lower - U.S. Commentary []
After moving lower at the start of trading on Thursday, the U.S. stock markets saw some further downside over the course of the morning. While stocks have regained some ground since then, they remain mostly lower.

Decline Predicted For Singapore Stocks []

Decline Predicted For Singapore Stocks []
Investors in the Singapore stock market weren't didn't show much confidence the U.S. Federal Reserve's plan to join other central banks in pumping liquidity into the markets, and it was reflected in the negative performance of the Straits Times Index on Thursday.

Stocks Show Notable Downturn After Initial Rally But Still Close Higher - U.S. Commentary []
After moving sharply higher at the start of trading on Wednesday, the U.S. stock markets staged a substantial turnaround over the course of the session. Stocks pulled back well off their best levels of the day, briefly slipping into negative territory.

Stocks Close Sharply Lower Amid Concerns About Inflation - U.S. Commentary []
After moving sharply lower at the open, the U.S. stock markets saw some further downside over the course of the trading session on Friday. The weakness in the markets was partly due to renewed concerns about the outlook for inflation.

Stocks Seeing Modest Weakness In Early Trading - U.S. Commentary []
Stocks moved modestly lower at the start of trading on Thursday, with the major averages all slipping below the unchanged after ending the previous session in positive territory. The initial weakness reflected some uncertainty about the outlook for the economy.

Stocks May Move Back To The Downside In Early Trading - U.S. Commentary []
After seeing substantial volatility in the previous session, stocks could see some weakness in early trading on Thursday. The futures are indicating a considerably lower open for the major averages, which ended Wednesday's trading in positive territory.

US Stocks Ready To Rebound Amid Reports That Fed May Further Address Lending Problems - US Commentary []
US stocks are poised to snap back from significant losses in the previous session Wednesday morning, with investors apparently reconsidering the Fed's modest rate cut amid reports that the central bank is prepared to make more moves to spur lending among banks.

China Stocks Close Higher Led By Consumer And Financial Stocks []
Friday, Shanghai shares closed higher on a late rebound in consumer and financial stocks. The benchmark Shanghai Composite Index closed up 49.87 points or 1.01% at 5,007.91.

Kiwi Extends Losses Versus Majors [NZD/USD]

Kiwi Extends Losses Versus Majors [NZD/USD]
The New Zealand dollar extended its early losses against its major counterparts during late New York deals on Friday. As of 4:30 pm ET, the kiwi is trading at 86.77 against the yen, 0.7654 against the greenback and 1.1254 versus the Aussie.

Stocks Seeing Some Weakness Following Mixed Economic Data - U.S. Commentary []
While selling pressure has remained relatively subdued, the U.S. stock markets are seeing some weakness in morning trading on Thursday. Stocks have moved into negative territory after seeing significant volatility in the previous session.

Markets Likely To See Further Upside - Indian Commentary []
Thursday, the Indian market is likely to head higher, following the solid intra-day recovery on Wednesday. However, the global cues are mixed. The U.S. market closed moderately higher overnight, but the major markets across the Asia-Pacific region are showing some degree of weakness on Thursday.

Stocks Fall On Credit Market Worries, Weak Tankan - Asian Commentary []
Stock markets across the Asia-Pacific region, except for China and New Zealand, closed lower Friday after Moody downgraded Citigroup. Disappointing Tankan survey results and speculation that interest rates in China will increase also weighed down investor sentiment.

South Korean Market Ends Down []

South Korean Market Ends Down []
Seoul shares closed sharply lower on Friday, as concerns about global credit markets rose following Moody's downgrade of Citigroup. The benchmark Index KOSPI closed down 20.85 points or 1.1% at 1,895.05.

Loonie Hits 2-week High Versus Euro While Rebounding Versus Dollar [USD/CAD]

Loonie Hits 2-week High Versus Euro While Rebounding Versus Dollar [USD/CAD]
The loonie soared to a 2-week high versus the euro before giving back a portion of its early gains Friday afternoon. The loonie jumped to 1.4615 by noon ET, then eased slightly to close near 1.47.

Global Insight Comments On Headline Index Data []
Global Insight U.S. Economist Kenneth Beauchemin remarked on Friday that the largest rise in the headline index since Hurricane Katrina ravaged Gulf of Mexico energy production, coupled with an uptick in the core rate, may well be the first clear sign that months of soaring and volatile energy prices are seeping their way into consumer prices at large.

Stocks Seeing Continued Weakness In Mid-Afternoon Trading - U.S. Commentary []
After turning in a mixed performance in the previous session, stocks have moved mostly lower during trading on Friday. The major averages have remained in negative territory for most of the session, although the Nasdaq briefly peeked above the unchanged line in late morning trading.

Hang Seng Seeks Support []
Hong Kong investors in weren't impressed by the U.S. Federal Reserve's plan to join other central banks in pumping liquidity into the markets, and it was reflected in the negative performance of the Hang Seng Index on Thursday. The market has dropped more than 1,500 points in the last two sessions to dip under the key support level of 28,000 points - and now investors are looking for support as the index prepares for trade on Friday.

Stocks Trade Weak On Mixed Cues From Wall Street - Asian Commentary []

Stocks Trade Weak On Mixed Cues From Wall Street - Asian Commentary []
Friday, stock markets across the Asia-Pacific region, except for Japan and Malaysia, were trading weak after the U.S. stocks closed mixed overnight as a spike in wholesale prices touched off inflation concerns and partially overshadowed a strong increase in retail sales last month.

Stocks Stage Recovery Attempt In Mid-Afternoon Trading - U.S. Commentary []

Stocks Stage Recovery Attempt In Mid-Afternoon Trading - U.S. Commentary []
Stocks have moved to the upside in recent trading on Thursday, with the major averages moving well off their worst levels of the day. The Dow has shown a notable upward move, with the blue chip index climbing into positive territory.

Traders Staying On The Sidelines Ahead Of Interest Rate Decision - U.S. Commentary []
Stocks continue to turn in a lackluster performance in early afternoon trading on Tuesday, as most traders remain on the sidelines ahead of the Federal Reserve's announcement of its latest decision on interest rates. The major averages have been mixed throughout much of the session.

New Zealand Market Closes Slightly Higher []
Wellington shares closed higher on Friday despite weakness in regional markets. The market had opened on a strong note after the U.S. closed mixed overnight, but lost ground in late morning deals and remained weak for most part of the afternoon session.

Stocks Turning In A Lackluster Performance Ahead Of Fed Decision - U.S. Commentary []

Stocks Turning In A Lackluster Performance Ahead Of Fed Decision - U.S. Commentary []
With many traders on the sidelines ahead of the Federal Reserve's announcement of its latest decision on interest rates, the U.S. stock markets are turning in a lackluster performance in morning trading on Tuesday.

Stocks Holding Onto The Bulk Of Their Early Gains - U.S. Commentary []
Stocks have managed to keep most of their gains posted earlier in the day in late-morning trading on Wednesday. The gains come after a 300-point drop on Tuesday after the Federal Reserve cut the benchmark interest rate by 25 basis-points.

Stocks Give Back Some Ground But Remain Mostly Positive - U.S. Commentary []
With traders expressing optimism about the possibility of another interest rate cut by the Federal Reserve, the U.S. stock markets are seeing continued strength in mid-afternoon trading on Monday. However, buying interest has waned from earlier in the session.

Singapore Dollar Slips Against US Currency [USD/SGD]
The Singapore dollar slipped versus the US currency in the early Asian deals on Friday. The Singapore dollar touched a low of 1.4450 by about 10:55 pm ET, compared to 1.4411 late Thursday in New York. The traders now turn toward the Singapore retail sales data for October, which is expected shortly.

Stocks May Move Back To The Downside In Early Trading - U.S. Commentary []
After seeing substantial volatility in the previous session, stocks could see some weakness in early trading on Thursday. The futures are indicating a considerably lower open for the major averages, which ended Wednesday's trading in positive territory.

Euro Strengthens Against Most Of Majors [EUR/USD]
The euro gained against most of its majors by about 12:55 am ET. As of 1:09 am ET, the euro is worth 1.6708 against the franc, 1.4635 against the dollar and 164.56 versus the yen.

British Pound Drops Against Majors [GBP/USD]
The British pound lost ground against its major counterparts around 11:35 pm ET Thursday. As of now, the sterling is trading near 2.0391 against the dollar, 2.3282 against the franc, 229.09 versus the yen and 0.7174 versus the euro.

Canadian Dollar Advances Against Majors [USD/CAD]
The Canadian dollar strengthened against its majors around 3:00 am ET. As of 3:10 am ET, the loonie is worth 1.0172 against the greenback, 1.4874 against the euro, 110.49 against the yen and 0.8921 against the aussie.

Euro Slips Against Dollar And Yen [EUR/USD]
The euro fell against its US and the Japanese counterparts by about 3:10 am ET. As of 3:18 am ET, the euro traded at 164.17 versus the yen and 1.4613 against the dollar.

Japanese Market Slides Despite Positive Lead From Wall Street []

Japanese Market Slides Despite Positive Lead From Wall Street []
Thursday, Tokyo shares opened lower despite a moderate rebound on Wall Street overnight. At 10:19 a.m. local time, the benchmark Nikkei 225 Index was down 196.57 points at 15,735.69 and the broader-based Topix Index was down 16.87 points at 1,540.06.

Dollar Gains To 8-day High Against Chile's Peso [USD/CLP]
The US dollar gained against the Chile's peso in early New York deals on Thursday. The greenback hit a 8-day high of 500.90 by about 6:45 am ET, compared to yesterday's close of 497.65. Thereafter, the dollar-peso pair reversed its direction and as of now, the pair is worth 499.25.

Negative Cues For Thai Stocks []

Negative Cues For Thai Stocks []
Following a U.S. Federal Reserve rate cut that was less than anticipated, the Thai stock market is expected to follow the rest of the region into negative territory when the Stock Exchange of Thailand kicks off trade on Wednesday.

Stocks Seeing Modest Weakness In Early Trading - U.S. Commentary []
Stocks moved modestly lower at the start of trading on Thursday, with the major averages all slipping below the unchanged after ending the previous session in positive territory. The initial weakness reflected some uncertainty about the outlook for the economy.

Stocks See Lackluster Performance Ahead Of Interest Rate Decision - U.S. Commentary []
Wall Street saw limited movement on Friday, with light volume and volatility characterizing today's trading as investors looked forward to next week and the Federal Reserve's interest rate decision.

Stocks Turning In A Mixed Performance In Late Morning Trading - U.S. Commentary []
Stocks have turned mixed over the course of morning trading on Tuesday, with the Dow and the S&P 500 sliding into negative territory while the tech-heavy Nasdaq has managed to remain above the unchanged line.

Stocks May Turn In A Lackluster Performance In Early Trading - U.S. Commentary []
After seeing some strength last week, the U.S. stock markets are likely to show a lack of direction during trading on Monday. The futures are currently indicating a modestly higher open for the major averages, which ended the previous session nearly unchanged.

Japanese Market Slides Despite Positive Lead From Wall Street []
Thursday, Tokyo shares opened lower despite a moderate rebound on Wall Street overnight. At 10:19 a.m. local time, the benchmark Nikkei 225 Index was down 196.57 points at 15,735.69 and the broader-based Topix Index was down 16.87 points at 1,540.06.

Stocks May Move Back To The Downside In Early Trading - U.S. Commentary []
After seeing substantial volatility in the previous session, stocks could see some weakness in early trading on Thursday. The futures are indicating a considerably lower open for the major averages, which ended Wednesday's trading in positive territory.

Stocks Decline As U.S. Federal Reserve's Rate Cut Decision Disappoints - Asian Commentary []
Wednesday, stock markets across the Asia-Pacific region fell after the U.S. stocks tumbled overnight, following the Federal Reserve's decision to cut interest rates by just a quarter point.

Rebound Likely For Thai Stocks []
The Thai stock market followed the rest of the region to the downside on Wednesday on disappointment over the size of the U.S. Treasury Department's rate cut. Now with more upbeat momentum, analysts are calling for the Stock Exchange of Thailand to rebound when the market kicks off trade on Thursday.

Traders Staying On The Sidelines Ahead Of Interest Rate Decision - U.S. Commentary []

Traders Staying On The Sidelines Ahead Of Interest Rate Decision - U.S. Commentary []
Stocks continue to turn in a lackluster performance in early afternoon trading on Tuesday, as most traders remain on the sidelines ahead of the Federal Reserve's announcement of its latest decision on interest rates. The major averages have been mixed throughout much of the session.

Stocks Seeing Some Strength Ahead Of Fed Meeting - U.S. Commentary []
While buying interest has remained somewhat subdued ahead of the Federal Reserve's decision on interest rates on Tuesday, the U.S. stock markets are turning in a strong performance in morning trading on Monday.

Stocks Nearly Unchanged Following Employment Report - U.S. Commentary []
Stocks are turning in a lackluster performance on Friday, as investors mull over fresh employment data for the month of November released prior to the opening bell.

European Markets Fall Ahead Of Fed Rate Decision - European Commentary []
The European markets fell on Tuesday, as banking stocks lost ground ahead of a key interest rate decision from the U.S. Federal Reserve later today.

Joint Central Bank Move Weighs on JPY

The major currency pairs moved sharply in early Wednesday trading following the announcement of a concerted central bank move, consisting of the Fed, BoE, ECB, SNB and BoC, to alleviate global liquidity concerns and inject much-needed cash into the credit-tight financial markets. The Fed pledged at least $40 billion in a new term auction facility in which loans would be auctioned off at rates far beneath the discount rate, as well as announcing swap lines with the ECB and SNB for up to 6-months. The kneejerk reaction to the news was a sharp jump higher in US equity futures, which coincided with a sell-off in the yen as traders rewarded the carry trade pairs. The dollar came under selling pressure against the euro and sterling, falling to 1.4748 and 2.0576, respectively.

Further, to quell market suspicion that today’s announcement was in response to yesterday’s dour reaction to the FOMC’s 25-basis point rate cut, a senior Fed official said the coordinated central bank initiative has been in the works for some time. The Fed official said that the market would not know which banks borrow from auction facility and was not about specific institutions, but rather aimed at market functioning.

The ECB’s Papademos commented that the joint central bank move was aimed at easing “elevated pressures” in the term market and that the move was consistent with the ECB’s current monetary policy stance. Papademos assured there was no crisis on financial markets as a whole, and that money market tensions have had a limited impact on firms and consumers’ borrowing rates.

Economic data released from the US included the October trade deficit, which crept up to $57.82 billion versus $56.45 billion a month earlier, and slightly higher than consensus estimates. Import prices also jumped higher than expected at 2.7% versus calls for an increase to 2.0% from 1.8% in the previous month.

Key data slated for release on Thursday will see weekly jobless claims, November producer prices, and retail sales. Weekly jobless claims are estimated to slip to 335k, versus 338k last week. The November headline PPI is seen climbing to 1.5% m/m versus a 0.1% reading from October, while the core PPI figure is forecast to 0.2% from a flat reading previously. The more important reading will be retail sales, to gauge the US consumers’ resilience to recent financial market turmoil and persistent deterioration in the housing market. Retail sales for November are estimated to rise by 0.6% from 0.2% a month earlier. The excluding automobiles figure is also expected to improve to 0.6%.

 

Dollar Weakens Slightly Against Majors [EUR/USD]

Dollar Weakens Slightly Against Majors [EUR/USD]
In Asian trading on Thursday, the US dollar weakened slightly against its major counterparts.

Wall Street Nervously Awaits November Jobs Report, Futures Lackluster Friday Morning []
US stocks were on pause Friday morning in New York, with jittery investors nervously awaiting Friday's pivotal reading on the US labor market.

New Zealand Market Falls On Disappointing Interest Rate Cut In U.S. []
Wednesday, Wellington shares closed lower, tracking the overnight weakness on Wall Street after the Federal Reserve cut interest rates by 25 basis points. The benchmark NZX-50 Index lost 27.40 points or 0.69% to end at 3,999.55. The key Index fell below the 4,000-level for the first time in four months.

Market Opens Sharply Lower On Weak Global Cues - Indian Commentary []
Tuesday, Indian shares opened sharply lower on the back of negative cues from global peers. At 10:00 a.m. IST, the Sensex was down 146.44 points or 0.72% at 20,144.45 and the broader Nifty was losing 48 points to 6,049.

Stocks Give Back Some Ground But Remain Mostly Positive - U.S. Commentary []

Stocks Give Back Some Ground But Remain Mostly Positive - U.S. Commentary []
After moving sharply higher at the start of trading on Wednesday, the U.S. stock markets have given back some ground over the course of the session. The major averages have pulled back well off their highs for the session, although they have remained firmly in positive territory.

China Stocks Close Lower []
Wednesday, Shanghai shares closed lower as banks and property stocks continued to decline after the central bank and the banking regulator warned against growing risks in property lending. The weakness in overseas markets following a smaller-than-expected interest rate cut in U.S. also discouraged domestic investors.

New Zealand Dollar Down Amid Of October Retail Sales Data [NZD/USD]

New Zealand Dollar Down Amid Of October Retail Sales Data [NZD/USD]
New Zealand's October retail sales data was released at 4:45 pm ET. Amid the release, the kiwi moved down against its major counterparts. As of 4:45 pm ET, the kiwi was worth 0.7868 against the greenback, 88.24 against the yen and 1.1184 against the Australian dollar.

US Dollar Down Against Latin American Currencies [USD/BRL]
On Wednesday, the US dollar weakened against its Latin American counterparts amid the release of US economic data at 8:30 am ET. The US import prices jumped 2.7% in November following a revised 1.4% increase in October.

Correction: Greenback Strengthens Amid Fed's Announcement [AUD/USD]
Correction: In the earlier version, it was inadvertently said that the US dollar "weakened" instead of "strengthened" against its counterparts in Australia, New Zealand, Canadian and Singapore as the Fed announced the establishment of a temporary term auction facility in line with Bank of Canada, the Bank of England, the European Central Bank and Swiss National Bank As of now, the greenback is trading at 1.4392 against the Singapore dollar, 0.7924 against the kiwi, 0.8895 against the Aussie and 1.0097 versus the loonie.

Greenback Pares Some Losses Versus Pound But Remains Down [GBP/USD]
The greenback traded lower for the day against the sterling Wednesday in New York, but has pared some of the losses it saw immediately after the Federal Reserve announced a series of measures on Wednesday aimed at addressing the problems in the short-term funding markets.

Market Likely To Open Lower On Weak Cues From Global Peers - Indian Commentary []
Global cues are pointing towards a lower opening for the Indian market on Wednesday. Additionally, some degree of profit taking can be expected following record levels touched on Tuesday. The U.S. stocks fell overnight, after the Federal Reserve cut interest rates by 25 basis points to 4.25%, reflecting disappointment among some investors who were hoping for a larger rate cut.

Dollar Mixed Against Majors After Central Banks Take Rare Steps To Ease Credit Crunch []
The dollar was mixed against other major currencies on Wednesday as traders reacted to an injection of liquidity by central banks to stabilize a credit market that began to show significant signs of strain this summer due to problems in the subprime mortgage market.

Australian Market Falls Tracking Wall Street Losses []
Wednesday, Sydney shares were trading sharply lower after the U.S. stocks slumped following the Federal Reserve's decision to cut interest rates by 25 basis points to 4.25%, disappointing investors who anticipated a more aggressive reduction.

Australian Market Slides On Wall Street Tumble []

Australian Market Slides On Wall Street Tumble []
Wednesday, Sydney shares closed sharply lower after the U.S. stocks slumped following the Federal Reserve's decision to cut interest rates by 25 basis points, disappointing investors who anticipated a more aggressive reduction. The benchmark S&P/ASX 200 Index closed down 65.2 points or 1.0% at 6,615.2 and the broader-based All Ordinaries Index dropped 62.7 points or 0.9% to 6,675.4.

European Markets Fall, Led By Commodities - European Commentary []
The European markets fell for the first time in four days on Monday, as mining and energy stocks slipped after copper and crude oil prices retreated.

European Markets Rise On Strong U.S. Data - European Commentary []
The European markets rose sharply on Wednesday after better than expected U.S. productivity and employment data soothed some concern about the health of the world's largest economy.

Stocks Surge On Hopes Of Interest Rate Cut By U.S. Federal Reserve - Asian Commentary []
Tuesday, stock markets across the Asia-Pacific region, except for New Zealand, closed higher on speculation that Federal Reserve would cut funds target rate by at least 25 basis points. Additionally, Monday's news that Middle East and Asian investors were injecting cash into struggling financial firms boosted investor sentiment.

Japanese Market Slips On Sell-off In U.S. Stocks []

Japanese Market Slips On Sell-off In U.S. Stocks []
Wednesday, Tokyo shares closed lower, but off day's lows, after Wall Street plunged overnight on smaller-than-expected interest rate cut by the U.S. Federal Reserve. The Fed cut its federal funds target rate and trimmed its discount rate by 25 basis points each.

Australian Market Falls Tracking Wall Street Losses []
Wednesday, Sydney shares were trading sharply lower after the U.S. stocks slumped following the Federal Reserve's decision to cut interest rates by 25 basis points to 4.25%, disappointing investors who anticipated a more aggressive reduction.

Stocks Nearly Unchanged Following Employment Report - U.S. Commentary []
Stocks are turning in a lackluster performance on Friday, as investors mull over fresh employment data for the month of November released prior to the opening bell.

Decline Seen For Malaysian Stocks []
After some erratic and low-volume trade, analysts are calling for Malaysia's Kuala Lumpur Composite Index to follow the rest of the global market to the downside Wednesday on negative cues from Wall Street.

Stocks Move Higher Following Subprime Deal - U.S. Commentary []
Wall Street continues to trade in a tight daily range on Thursday, as investors mull over an announced plan to help hundreds of thousands of homeowners deal with rising mortgage payments.

Stocks Close Higher Ahead Of Interest Rate Decision - U.S. Commentary []
After turning in a strong performance last week, the U.S. stock markets saw some further upside during trading on Monday. The upward move came amid continued optimism about the possibility of another interest rate cut by the Federal Reserve.

Futures Indicate Lower Opening As Fed Fallout Continues - European Market Commentary []
The Federal Reserve's decision to lower its funds rate by a quarter point on Tuesday has remained the biggest economic news, as Asian markets slid dramatically lower in overnight trading. Futures are indicating that European markets will also open lower as traders digest what some feel is a disappointing move from the Fed in terms of paving the way for economic growth.

Stocks Close Sharply Lower Following Interest Rate Cut - U.S. Commentary []

Stocks Close Sharply Lower Following Interest Rate Cut - U.S. Commentary []
After showing a lack of direction throughout much of the trading session on Tuesday, the U.S. stock markets fell sharply following the Federal Reserve's announcement of its decision to lower interest rates by a quarter point.

Stocks Headed For A Higher Opening - U.S. Commentary []
Stocks are looking to rally for a third straight day on Friday, as the markets react to a strong November employment number.

Stocks Continue Performing Well In Late Morning Trading - U. S. Commentary []
Though ticking off their highs, the U. S. stock markets remain relatively strong in late morning trading on Monday.

Stocks Continue To Turn In A Lackluster Performance - U.S. Commentary []
Stocks continue their lackluster session in late morning trading on Friday as they stay near the unchanged line. Investors are biding their time as the Federal Reserve will be meeting on Tuesday to make a decision regarding interest rates.

Stocks Fall Sharply Following Interest Rate Cut - U.S. Commentary []
Stocks have moved sharply lower in recent trading on Tuesday, as traders react to the Federal Reserve's announcement of its decision to cut interest rates by another quarter point. The major averages have shown steep declines, pulling back into negative territory.

Stocks Give Back Some Ground But Remain Mostly Positive - U.S. Commentary []
With traders expressing optimism about the possibility of another interest rate cut by the Federal Reserve, the U.S. stock markets are seeing continued strength in mid-afternoon trading on Monday. However, buying interest has waned from earlier in the session.

Stocks Seeing Some Strength Ahead Of Fed Meeting - U.S. Commentary []
While buying interest has remained somewhat subdued ahead of the Federal Reserve's decision on interest rates on Tuesday, the U.S. stock markets are turning in a strong performance in morning trading on Monday.

Thai Stocks Wait On Fed Rate Decision []
Trade in the Thai stock market has been choppy over the last few days, and that trend is expected to continue amidst light volume when the Stock Exchange of Thailand kicks off trade on Tuesday.

Negative Cues For Thai Stocks []
Following a U.S. Federal Reserve rate cut that was less than anticipated, the Thai stock market is expected to follow the rest of the region into negative territory when the Stock Exchange of Thailand kicks off trade on Wednesday.

Stocks Turning In A Mixed Performance In Late Morning Trading - U.S. Commentary []

Stocks Turning In A Mixed Performance In Late Morning Trading - U.S. Commentary []
Stocks have turned mixed over the course of morning trading on Tuesday, with the Dow and the S&P 500 sliding into negative territory while the tech-heavy Nasdaq has managed to remain above the unchanged line.

Japanese Stocks End Up; Nikkei Closes Above 16,000 []
Tuesday, Tokyo shares closed higher after Wall Street gained overnight on expectations of a fresh interest rate cut by the Federal Reserve and a rise in pending home sales. Moves by Middle East and Asian investors to offset losses being suffered by global investment banks exposed to the subprime mortgage crisis also boosted investor sentiment.

European Markets End Mixed; Banks Shine, Autos And Miners Decline - European Commentary []
The European markets closed mixed on Thursday, as banking shares rallied after the Bank of England cut its benchmark rate for the first time in two years, while automotive and mining stocks retreated after European Central Bank President Jean-Claude Trichet muted hopes of rate cuts.

Light Volume Seen For Jakarta Stocks []

Light Volume Seen For Jakarta Stocks []
Trade in the Indonesian stock market has been choppy over the last few days, and that trend is expected to continue amidst light volume when the Jakarta Composite Index kicks off trade on Tuesday.

Dollar On Hold An Hour Before Fed Makes Interest Rate Call [EUR/USD]
The dollar was holding steady against other major currencies an hour before the Federal Reserve was scheduled to make its latest interest rate announcement at 2:15 pm ET.

China Stocks Wait On CPI Numbers []
At least at the opening, the China stock market is likely to see very limited action Tuesday as the Shanghai Composite Index waits on the government's latest batch of consumer price index numbers.

Kiwi Rises Against Pound On Tuesday [GBP/NZD]

Kiwi Rises Against Pound On Tuesday [GBP/NZD]
The New Zealand kiwi gained against its British counterpart in trading on Tuesday. As action moved into the midday, the kiwi rose to a mark of 2.6053. The pair moved as the U.K.'s visible trade deficit narrowed to 7.1 billion pounds in October from an upwardly revised 8 billion pounds in September.

Israel's Shekel Extends Losses Versus Greenback [USD/ILS]
The Israeli shekel added to its recent losses against the US dollar during Tuesday's early deals. The dollar-shekel pair hit a 26-day high of 3.9387 at about 4:00 am ET and thereafter, the buck edged down, before it settled into a tight range. The pair that closed yesterday's deals at 3.9103, moved further higher at about 10:50 am ET and scaled a new multi-week high of 3.9388.

New Zealand Currency Mixed Against Euro [EUR/NZD]
Versus the euro on Tuesday, the New Zealand currency saw mixed action. The currency tried to rise past the 1.8700 mark, but gave back gains to fall to 1.8766 as trading progressed. The Mannheim-based ZEW said its economic sentiment indicator for Germany fell to a level of minus 37.2 points in December from minus 32.5 seen in November.

Stocks Fall Ahead Of U.S. Interest Rate Decision, Renewed U.S. Subprime Worries - Asian Commentary []
Major stock markets across the Asia-Pacific region, except for China and Indonesia, closed weak on Monday after Switzerland's largest bank, UBS, said that it was writing down US$10 billion as a result of the U.S. subprime mortgage crisis. The markets had opened weak on the back of Wall Street's lackluster session on Friday and ahead of the U.S. Federal reserve's rate decision on Tuesday.

Yen Weakens Further Against European Counterparts [EUR/JPY]

Yen Weakens Further Against European Counterparts [EUR/JPY]
The Japanese yen has been weakening further against its European counterparts during the early deals on Tuesday. Currently, the yen is trading near 164.88 against the euro, 229.41 versus the pound and 99.25 against the franc.

US Dollar Slips To 1.471 Against Euro [EUR/USD]
US dollar slips to 1.471 against Euro.

New Zealand Stocks Trade Weak []
Tuesday, Wellington stocks were trading weak despite the positive overnight Wall Street lead. The benchmark NZX 50 Index was losing 8.56 points or 0.21% to 4,048.92, while the NZX All Capital Index was declining 4.16 points or 0.10% to 4,114.91.

Light Volume Seen For Malaysian Stocks []
The Malaysian stock market saw its modest two-day winning streak draw to a close, and now the Kuala Lumpur Composite Index is expected to follow the rest of the region to a very light turnout Tuesday ahead of news from Washington later in the day.

Hungarian Forint Soars To New Multi-year High Against Dollar [USD/HUF]
During the early deals on Tuesday, the Hungarian Forint gained against the US dollar. The Hungarian currency fetched a new multi-year high of 170.67 by about 2:40 am ET, compared to 171.28 late Monday in New York. The forint then lost ground and the pair is now trading near 171.1.

Pound Surges Against Majors [GBP/USD]
At about 2:30 am Eastern Time, Tuesday the British pound staged a sharp surge against its major counterparts. Currently the pound is worth 2.0506 versus the US dollar, 2.3111 against the franc, 229.28 versus the yen and 0.7191 against the euro.

Hang Seng Waiting On Fed Decision []
The seven-day win streak is history, and now the Hong Kong stock market is mired in a two-day decline as it prepares for business on Tuesday. Analysts think the market will follow the rest of the region to the upside, possibly re-testing the 29,000 level.

China Stocks Surge As Goverment Raises QFII Quota []
Monday, Shanghai shares closed higher, led by consumer and metals stocks, on the back of news that the government is raising the investment quota for the qualified foreign institutional investor or QFII to US$30 billion from US$10 billion. The market had opened sharply lower in response to the hike in the bank reserve requirement.

New Zealand Market Declines Despite Positive Lead From Wall Street []
Tuesday, Wellington shares closed lower despite positive lead from Wall Street. The benchmark NZX 50 Index closed down 30.54 points or 0.76% at 4,026.95, while the NZX All Capital Index lost 7.62 points or 0.70% to end at 1,089.98.

Japanese Market Closes Lower On Profit-taking []

Japanese Market Closes Lower On Profit-taking []
Monday, Tokyo shares closed lower, but off day's lows, after opening in the positive territory on better-than-expected machinery orders data, as profit-taking set in following three days of gains. The benchmark Nikkei 225 Index closed down 31.98 points or 0.20% at 15,924.39, while the broader-based Topix Index of all First Section issues on the Tokyo Stock Exchange was lost 3.25 points to end at 1,558.51.

Australia October New Dwelling Commitments Up 1.7% Overall []
The total number of commitments for new dwellings in Australia increased by 1.7 percent in October, according to the Australian Bureau of Statistics.

Stocks May Rally On Strong Employment Data - U.S. Commentary []
Stocks are likely to see significant strength in early trading on Wednesday, with the major U.S. index futures indicating a sharply higher open. The upward momentum is partly due to the release of better than expected employment data.

Australian Shares Close Lower Ahead Of U.S. Federal Reserve's Rate Meeting []
Monday, Sydney shares closed lower, tracking Wall Street's lackluster session on Friday, as weakness in banking sector offset modest gains by big miners. Additionally, investors were exercising caution ahead of the U.S. Federal Reserve's interest rate decision on Tuesday.

Singapore Stocks In Standby Mode []
Trade in the Singapore stock market has been choppy over the last few days, and that trend is liable to continue amidst light volume when the Straits Times Index kicks off trade on Tuesday.

KOSPI Investors To Wait And See []
The modest, three-day winning streak is history, and now caution and anticipation prevail as the South Korean stock market prepares to kick off a new business week. The market is expecting a light turnout ahead of the U.S. Federal Reserve's interest rate decision on Tuesday.

Australian Market Declines Tracking Weak Lead From Wall Street []
Monday, Sydney shares were trading lower, tracking Friday's lacklustre session on Wall Street ahead of the meeting of the U.S. Federal Reserve. At 11:52 a.m. local time, the benchmark S&P/ASX 200 Index was down 19.1 points or 0.3% at 6,635.6 and the broader All Ordinaries Index was losing 15.9 points or 0.2% to 6,698.1.

Stocks Rise Ahead Of Mortgage Plan Announcement - U.S. Commentary []
The markets continue to trade in a tight daily range on Thursday, as investors are content to sit on the sidelines ahead of a key news conference by President Bush.

European Markets Rise, Led By Miners - European Commentary []
The European markets rose on Friday, as mining stocks rallied on market talk of consolidation in the sector and rising metal prices.

Stocks May Turn In A Lackluster Performance In Early Trading - U.S. Commentary []

Stocks May Turn In A Lackluster Performance In Early Trading - U.S. Commentary []
After seeing some strength last week, the U.S. stock markets are likely to show a lack of direction during trading on Monday. The futures are currently indicating a modestly higher open for the major averages, which ended the previous session nearly unchanged.

Yen Falls Versus Euro And Sterling But Remains Stable Against Dollar [USD/JPY]

Yen Falls Versus Euro And Sterling But Remains Stable Against Dollar [USD/JPY]
The yen declined against the euro and pound but was stable versus the slumping dollar Monday morning in New York.

Swiss Franc Mixed In Trading On Monday Morning [USD/CHF]
The Swiss franc was mixed against its world counterparts in trading on Monday morning in New York. The franc moved with little economic news from the area to influence movement.

Swiss Currency Mixed Against Sterling [GBP/CHF]
In trading against the sterling on Monday, the Swiss franc saw mixed action into the mid morning. Early on, the franc fell past 2.3000. However, the currency moved little after its initial drop. The pair moved as the U.K.'s house prices regained its momentum with the house price index posting 11.3% increase in October following a 10.8% growth in September and equaling the 11.3% in August.

Stocks Move Sharply Higher At The Open - U.S. Commentary []
After closing lower in the two previous sessions, stocks moved sharply higher at the start of trading on Wednesday. The major averages all moved firmly into positive territory on the heels of better than expected employment data.

Financials Continue To Lead Markets Lower - U.S. Commentary []
Financials continue to depress the markets on Tuesday, as investors worry about the health of the economy ahead of the Federal Reserve's upcoming interest rate decision next week.

Kiwi Moves Uncertainly Against Pound [GBP/NZD]
The New Zealand currency was choppy against its British counterpart in trading on Monday's midday. The currency bounced between a high of 2.6140 and a low of 2.6325 as action progressed. The pair moved as the U.K.'s house prices regained its momentum with the house price index posting 11.3% increase in October following a 10.8% growth in September and equaling the 11.3% in August.

Stocks Poised For Lower Opening - U.s. Commentary []

Stocks Poised For Lower Opening - U.s. Commentary []
Wall Street is headed for a second consecutive session with losses on Tuesday, as investors continue to worry about credit problems and the outlook for the economy.

US Stocks Look To Carry Over Momentum Thursday Morning; Bush To Unveil Housing Plan []
US stocks were set to add to their gains from the previous session Thursday morning, with investors still cheering Wednesday's encouraging jobs report as a sign the economy may avoid recession.

Stocks May Rally On Strong Employment Data - U.S. Commentary []
Stocks are likely to see significant strength in early trading on Wednesday, with the major U.S. index futures indicating a sharply higher open. The upward momentum is partly due to the release of better than expected employment data.

Stocks Fall On Credit Concerns - U.S. Commentary []
Wall Street ended Tuesday's session modestly lower, as credit worries infiltrated the markets a week before the Federal Reserve's highly anticipated interest rate decision.

Swiss Franc Higher Against Dollar And Euro [CHF]
The Swiss franc strengthened against the dollar and the euro by about 3.40am ET. As of now, the franc is trading at 1.1280 against the dollar and 1.6536 against the euro

Bulls Take Charge Following Subprime Plan - U.S. Commentary []
A federally sponsored plan to help subprime mortgage borrowers avoid foreclosure was the main focus of Thursday's trading session, sending stocks on a late-afternoon rally shortly after it was announced.

Dollar Falls To 10-day Low Against Slovakian Koruna [USD/SKK]
In the early European deals on Monday, the US dollar declined versus the Slovakian Koruna. At about 5:00 am ET, the pair touched a 10-day low of 22.5150, compared to last week's close of 22.5810. The US pending home sales for the month of October is expected in the New York session.

US Dollar Falls Against Estonian Kroon Amid Estonian Q3 GDP Data [USD/EEK]

US Dollar Falls Against Estonian Kroon Amid Estonian Q3 GDP Data [USD/EEK]
The US dollar fell against the Estonian Kroon during the early European deals on Monday. This came amid the release of the Estonian Q3 GDP data. The pair touched a low of 10.6747 by about 2:05 am ET, compared to 10.6825 late Friday in New York. However, in Asian trading, the dollar-kroon pair moved sideways.

European Markets Rise On Strong U.S. Data - European Commentary []

European Markets Rise On Strong U.S. Data - European Commentary []
The European markets rose sharply on Wednesday after better than expected U.S. productivity and employment data soothed some concern about the health of the world's largest economy.

European Markets Rise On Bernanke Comments - European Commentary []
The European markets rose for the third consecutive day on Friday after U.S. Federal Reserve Chairman Ben Bernanke signaled that further interest rate cuts are on the way.

European Markets Fall, Led By Banks And Techs - European Commentary []
The European markets fell on Tuesday, as banking stocks declined on earnings growth concern and technology stocks edged lower following disappointing trading updates from mobile phone maker Nokia.

Sterling Gives Back Early Gains To Dollar And Euro Amid Lingering Concerns About UK Economy [GPB/USD]
The sterling was unable to sustain its early gains against the dollar and euro Friday morning in New York. Pessimism about the health of the British economy continued to hang over the sterling, with many analysts now saying that the Bank of England will need to further cut interest rates in next year.

New Zealand Dollar Fallling Against U.S. Dollar [NZD/USD]
The New Zealand dollar is slipping against the U.S. dollar. The kiwi is trading at .7721 to the greenback, falling in the alst half-hour to its lowest point since December 6.

European Markets Rise, Led By Banks - European Commentary []
The European markets rose the most in more than four years on Wednesday, as banking stocks rallied on hopes for another rate cut by the U.S. Federal Reserve following comments made by a top Fed official.

Futures Indicating Higher Opens Following Bernanke Comments, Drop In Oil Prices - European Market Preview []
European futures are pointing to a higher open on Friday as speculation regarding an interest rate cut in the U.S. was encouraged by comments made Thursday night by Federal Reserve Chairman Ben Bernanke.

European Markets Fall, Led By Commodities - European Commentary []
The European markets fell for the first time in four days on Monday, as mining and energy stocks slipped after copper and crude oil prices retreated.

Swiss Franc Drops Against Dollar And Euro [CHF]
Around 11:30 pm ET Sunday, the Swiss Franc lost ground against the dollar and the euro. As of now, the franc is worth 1.1296 against the dollar and 1.6544 versus the euro.

Dollar Mixed Against Majors In Early Asian Trading [USD]
In early Asian trading on Monday, the US dollar showed a mixed performance against its major counterparts. While the dollar gained against the euro and the franc, it declined versus the rest of majors.

Stocks Poised For Lower Opening - U.s. Commentary []

Stocks Poised For Lower Opening - U.s. Commentary []
Wall Street is headed for a second consecutive session with losses on Tuesday, as investors continue to worry about credit problems and the outlook for the economy.

Canadian Dollar Advances Against Majors Amid November Jobless Data [CAD]
Canadian dollar rose sharply against its major counterparts during Friday's early New York session, despite the data released at 7:00 am ET showed that the Canadian unemployment rate increased in November.

US Stocks Set To Bounce Back Wednesday Morning; OPEC To Maintain Current Production []
US stocks were poised to rebound Wednesday morning following a 2-day losing streak, but traders will be keep a close eye on oil prices and a slew of economic data.

Kiwi Mixed Versus Majors Friday Midday [NZD/USD]

Kiwi Mixed Versus Majors Friday Midday [NZD/USD]
The New Zealand currency was mostly mixed against its counterparts in trading on Friday midday in New York. The kiwi moved with little economic news from the area.

Sterling Gives Back Early Gains To Dollar And Euro Amid Lingering Concerns About UK Economy [GPB/USD]
The sterling was unable to sustain its early gains against the dollar and euro Friday morning in New York. Pessimism about the health of the British economy continued to hang over the sterling, with many analysts now saying that the Bank of England will need to further cut interest rates in next year.

European Markets Fall, Led By Commodities - European Commentary []
The European markets fell for the first time in four days on Monday, as mining and energy stocks slipped after copper and crude oil prices retreated.

Stocks Move Sharply Higher At The Open - U.S. Commentary []
After closing lower in the two previous sessions, stocks moved sharply higher at the start of trading on Wednesday. The major averages all moved firmly into positive territory on the heels of better than expected employment data.

Stocks Close Sharply Higher On Strong Economic Data - U.S. Commentary []
After closing lower in the two previous sessions, the U.S. stock markets staged a substantial rebound during trading on Wednesday. Most stocks moved higher following the release of some better than expected employment data.

New Zealand Dollar Hits New Multi-month High Against Pound []
Extending the gains posted yesterday, the New Zealand dollar moved to a new multi-month high of 2.5984 against the sterling during early New York deals on Friday, but the pair has rebounded to a high of 2.618 towards the close of the day. Breaking a resistance level of 2.6130, the kiwi leveled a high since late July against its British counterpart yesterday.

New Zealand Currency Uncertain Against Euro [EUR/NZD]
In trading against the euro on Friday, the kiwi saw little direction. As action moved into the midday, the New Zealand currency bounced between a high of 1.8745 and a low of 1.888. The currencies traded as German industrial output declined from the prior month, while annual growth accelerated in October.

Stocks See Lackluster Performance Ahead Of Interest Rate Decision - U.S. Commentary []
Wall Street saw limited movement on Friday, with light volume and volatility characterizing today's trading as investors looked forward to next week and the Federal Reserve's interest rate decision.

Kiwi Choppy In Trading Against American Counterpart [NZD/USD]
The New Zealand currency was choppy in trading against its American counterpart on Friday. By the midday, the kiwi had bounced between a high of 0.7810 and a low of 0.7745. The pair moved as the November reading of Non-farm Payrolls came in at +94k for the US.

Asian Markets Close Mixed For Weekend - Asian Commentary []

Asian Markets Close Mixed For Weekend - Asian Commentary []
Stock markets across Asia-Pacific were mixed on Friday as the late afternoon session saw the South Korean and Hong Kong markets falling on profit-taking, while Japanese, Australian and New Zealand bourses extended overnight gains.

Kiwi Mixed Versus Majors Friday Midday [NZD/USD]

Kiwi Mixed Versus Majors Friday Midday [NZD/USD]
The New Zealand currency was mostly mixed against its counterparts in trading on Friday midday in New York. The kiwi moved with little economic news from the area.

Stocks Move Sharply Higher At The Open - U.S. Commentary []
After closing lower in the two previous sessions, stocks moved sharply higher at the start of trading on Wednesday. The major averages all moved firmly into positive territory on the heels of better than expected employment data.

Yen Falls To Major Currencies After GDP Numbers Revised Down [USD/JPY]
The yen declined against other major currencies in early morning Friday trading. Investors contemplated the release of data showing slower than expected Japanese economic growth.

US Stocks Poised For Weak Open Tuesday Morning Amid Anxiety Over Housing, Credit Markets - US Commentary []
Jittery investors appeared focused on problems in the housing and lending sectors Tuesday morning as stock futures tumbled, signalling a negative open on Wall Street Tuesday morning.

European Markets Rise On Bernanke Comments - European Commentary []
The European markets rose for the third consecutive day on Friday after U.S. Federal Reserve Chairman Ben Bernanke signaled that further interest rate cuts are on the way.

Stocks Continue To Post Standout Gains In Early Afternoon Trading - U.S. Commentary []
After closing lower in the two previous sessions, the U.S. stock markets have moved back to the upside on Wednesday. The markets are benefiting from broad based strength following the release of some better than expected economic data.

Euro Moves Towards Multi-Year High Versus Pound [EUR/GBP]
The euro moved higher against the British pound again on Friday and moved back towards the multi-year high reached earlier this week. The European currency fell in the early morning, but reversed its tend at around 9 a.m. ET and began to move higher.